Tag: inflation

“Fed officials have been priming markets for a probable move at their next policy meeting on Sept. 19-20” writes Min Read for reuters.com. Senior Fed officials have largely dismissed the inflation softness as temporary.The central bank’s preferred inflation measure dropped to 1.5 percent in June from 1.8 percent in February and has remained below its 2 percent target for more than five years.Voting members of the Fed’ rate-setting committee agreed to monitor inflation closely in light of the concerns, with a few policymakers cautioning that the central bank’s framework for…

“How should the central bank consider the reasons the numbers look the way they do?” writes Albert R for bloomberg.com. Yet there’s little appetite at the central bank to do that.His allies say that anyone grading Carney should watch BOE actions and their results — not engage in central bank Kremlinology.Britain’s labor market is powering ahead, and inflation exceeds the Bank of England’s target. Source: bloomberg.com Share This:

“In annual terms, retail sales grew by 1.3%, also disappointing market expectations for a 1.7% expansion” writes Wiktor Szary for marketwatch.com. LONDON–U.K. retail sales grew only modestly in July, and the previous month’s growth was revised down significantly, new figures showed Thursday, suggesting above-target inflation continued to weigh on consumer spending.After a sluggish start to the year, retail sales rebounded somewhat in the second quarter, with warm summer weather enticing Britons to go out and spend.The July growth was driven solely by food and household goods stores, with sales in…

“The divide appeared in minutes released from the Federal Open Market Committee’s July meeting, when central bank policymakers voted to hold the target rate to a range of 1 percent to 1.25 percent” writes unknown author for cnbc.com. Officials also are less optimistic over getting help from fiscal policy. Source: cnbc.com Share This:

“The Fed appears less settled on the timing of its next increase in interest rates” writes Jeffry Bartash for marketwatch.com. The bank had signaled it would raise its benchmark fed funds rate one more time this year, but a surprising slowdown in inflation has forced officials to reconsider their next step. “Some”Fed officials said the bank could ‘afford to be patient” before raising interest rates again.WASHINGTON (MarketWatch) — Senior Federal Reserve officials engaged in deep debate in July about the path of U.S. inflation after a spate of surprisingly low…

“The Fed also engaged in a deep debate over surprisingly low inflation readings, with some saying the bank could ‘afford to be patient” before raising interest rates again” writes Jeffry Bartash for marketwatch.com. The Fed’s staff in July slightly reduced its 2017 forecast for inflation, as many senior officials saw a greater likelihood that “inflation might remain below 2% for longer than they currently expected.”. The Fed had been on track to raise rates one more time this year, but now a majority of Wall Street investors believe the bank…

“Demand for more expensive craft beers has helped Carlsberg brew up a rise in sales and profits so far this year” writes Tom Rees for telegraph.co.uk. The Danish brewer said the thirst for its more upmarket drinks such as Tuborg and Grimbergen meant that even though it sold less beer by volume, its revenues and profits both rose in the first six months of the year. Source: telegraph.co.uk Share This:

“The pound tumbled on Tuesday after U.K. inflation came in softer than expected and quelled speculation the Bank of England would soon raise interest rates” writes Markets Reporter for marketwatch.com. Later in the day, focus will shift from the pound to the dollar when U.S. retail sales data are released at 8:30 a.m.The downbeat mood came after the Office for National Statistics said British inflation remained unchanged at 2.6% in July.Against the euro, the pound GBPEUR, -0.3635% slumped to €1.0956 from €1.1004 on Monday. Source: marketwatch.com Share This:

“James Tucker, ONS head of consumer price inflation, said: “Falling fuel prices offset by the costs of food, clothing and household goods left the headline rate of inflation unchanged in July.”” writes Ashley Kirk for telegraph.co.uk. It has been the policy of successive governments to reduce the funding of the railways by taxpayers and increase the relative contribution of passengers. Source: telegraph.co.uk Share This: